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Kotak Single Invest Advantage is a non-participating unit-linked individual life insurance savings product. It is designed for eligible policyholders who prefer to pay a single premium instead of making recurring premium payments. The policy offers fixed terms of 10 or 15 years and three investment strategies: Self-Managed Strategy, Age-Based Strategy and Systematic Switching Strategy. The Basic Sum Assured is specified as 10 times the single premium under the product rules. Loyalty Additions may be credited every five years beginning at the end of the tenth policy year, subject to the policy remaining in force and the applicable conditions. The maturity benefit is based on the fund value, including any applicable Loyalty Additions. Investment performance is market-linked and not guaranteed. ULIPs do not allow surrender or withdrawals during the first five policy years.
Choose a 10- or 15-year policy term and one of three investment strategies
This plan may be suitable for investors who have a lump sum available and can remain invested for the selected 10- or 15-year term. The official Kotak Life product page lists a minimum single premium of ₹2,00,000 and no stated maximum. The official brochure available online lists a different minimum premium, so the applicable amount should be reconfirmed against the current brochure and policy illustration before purchase. The death benefit is determined under the policy formula and is subject to the policy wording. The fund value can fluctuate with the selected investments and applicable charges. Loyalty Additions are subject to their specified conditions and should not be interpreted as a guaranteed investment return. Review the current policy wording for charges, discontinuance benefits, withdrawal limits, settlement options and tax treatment.
Kotak Mahindra Life
Key Insights
Founded
2001
Kotak Mahindra Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
98.8% CSR, calculated as a 3-year average
Kotak Mahindra Life settles 98.8% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-8800
Headquarters: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra – 400051, India
The policy is funded through a single premium payment, with no scheduled future premiums under the single-pay structure.
The minimum premium should be confirmed against the current policy brochure before purchase.
Choose Self-Managed Strategy, Age-Based Strategy or Systematic Switching Strategy according to the product rules.
The investment value remains exposed to market risk.
Loyalty Additions may be credited every five years beginning at the end of the tenth policy year.
Amounts depend on the applicable single-premium band, policy term and policy conditions.
The policy provides a death benefit under the applicable policy formula.
The Basic Sum Assured is specified as 10 times the single premium, subject to policy terms.
Eligible maturity proceeds may be received as a lump sum or through the settlement options described in the policy documents.
Available settlement choices and conditions should be checked in the current brochure.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Kotak Mahindra Life plans and claim process
It is a single-premium unit-linked life insurance savings product that combines life cover with market-linked investment.
No. It is a ULIP with an investment component and life insurance protection, not a standalone term insurance policy.
The current Kotak Life product page lists ₹2,00,000. The online brochure shows a different minimum, so confirm the applicable amount with the latest policy documents before purchase.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Kotak Mahindra Life website before purchasing.
Official Website
kotaklife.com
Visit the official Kotak Mahindra Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
The plan offers fixed policy terms of 10 and 15 years.
The plan lists Self-Managed Strategy, Age-Based Strategy and Systematic Switching Strategy.
No. The plan is market-linked. The fund value depends on investment performance and applicable charges.
Loyalty Additions may be credited every five years beginning at the end of the tenth policy year, subject to the policy terms and conditions.
The brochure describes the death benefit as the highest of the applicable Basic Sum Assured less eligible partial withdrawals, fund value including Loyalty Additions, or 105% of the single premium paid less eligible partial withdrawals. The policy wording governs the final calculation.
The ULIP lock-in restricts withdrawals and surrender during the first five policy years. Partial withdrawals may be available from the sixth year under the policy rules.
The brochure describes settlement options that can pay some or all of the proceeds in regular instalments over five years, subject to the policy terms.
The official page lists ages 8–45 for a 10-year term and 3–43 for a 15-year term. Maturity-age conditions also apply.
It may suit eligible investors who have a lump sum available, understand market risk and can stay invested for the selected policy term.